Eley Financial Management Inc Acquires 36,132 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Eley Financial Management Inc increased its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 186.0% during the fourth quarter, HoldingsChannel reports. The fund owned 55,562 shares of the company’s stock after acquiring an additional 36,132 shares during the quarter. Eley Financial Management Inc’s holdings in Schwab US Broad Market ETF were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Orion Portfolio Solutions LLC lifted its position in shares of Schwab US Broad Market ETF by 35.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 24,660 shares of the company’s stock worth $1,640,000 after acquiring an additional 6,436 shares during the period. Tudor Financial Inc. acquired a new position in shares of Schwab US Broad Market ETF in the third quarter valued at $996,000. Fulcrum Equity Management lifted its position in Schwab US Broad Market ETF by 6.3% in the third quarter. Fulcrum Equity Management now owns 11,192 shares of the company’s stock worth $744,000 after purchasing an additional 668 shares during the period. Sanctuary Advisors LLC boosted its stake in Schwab US Broad Market ETF by 194.9% during the third quarter. Sanctuary Advisors LLC now owns 30,939 shares of the company’s stock worth $2,058,000 after buying an additional 20,447 shares in the last quarter. Finally, World Investment Advisors LLC boosted its stake in Schwab US Broad Market ETF by 119.5% during the third quarter. World Investment Advisors LLC now owns 16,470 shares of the company’s stock worth $1,096,000 after buying an additional 8,968 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of Schwab US Broad Market ETF stock opened at $20.17 on Friday. The firm has a market cap of $28.84 billion, a P/E ratio of 23.74 and a beta of 1.05. The firm’s 50-day simple moving average is $22.12 and its 200-day simple moving average is $22.62. Schwab US Broad Market ETF has a twelve month low of $18.53 and a twelve month high of $23.77.

Schwab US Broad Market ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.0649 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

About Schwab US Broad Market ETF

Schwab U.S. Broad Market ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index (the Index). The Index is a float-adjusted market capitalization weighted index that reflects the shares of securities actually available to investors in the marketplace. The Fund’s index includes the 2,500 publicly traded United States companies for, which pricing information is available.